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In today's globalized world, consumers and investors are increasingly paying attention to the social responsibility of business. ISO 26000 provides guidance on best practices in the field of social responsibility, and a key element of this standard is respect for human rights.
This commitment includes ensuring that human rights are respected not only in the company's operations but also in its supply chain.
What is Due Diligence?
Due Diligence is the process of continuously identifying, preventing, mitigating and addressing potential risks of human rights violations within the company's sphere of influence. This sphere includes not only the company's employees, but also its suppliers, business partners and subsidiaries.
Why is Due Diligence Necessary?
It is necessary not only from an ethical point of view, but also for successful business.
Ignoring human rights risks can have serious consequences:
- Reputational damage: Consumers are likely to boycott companies with a poor human rights record.
- Legal issues: Companies may face lawsuits or regulatory action.
- Supply chain violations: Human rights violations can disrupt production and damage brands.
How can companies exercise due diligence?
- Developing a human rights policy: The policy should clearly reflect the company’s commitment to human rights.
This includes policies on online activities and digital interactions with customers, such as respect for the right to freedom of information or privacy of personal data.
- Regular risk assessments: Identifying potential human rights risks in a company’s operations and supply chain can help prevent or mitigate reputational damage due to human rights violations.
By implementing due diligence, companies can:
- Enhance their reputation: Consumers are more trusting of companies with a strong stance on human rights.
- Reduce legal risks: Due diligence helps avoid lawsuits and regulatory actions.
- Strengthen stakeholder relationships: Employees, investors and civil society support companies that demonstrate a commitment to human rights.
Conclusion
Due diligence is an important part of any company’s corporate social responsibility strategy, including those operating in the online space.
By following the ISO 26000 standard, companies can protect their reputation, minimize legal risks and strengthen stakeholder relationships.
(the text translation was done automatically)
This commitment includes ensuring that human rights are respected not only in the company's operations but also in its supply chain.
What is Due Diligence?
Due Diligence is the process of continuously identifying, preventing, mitigating and addressing potential risks of human rights violations within the company's sphere of influence. This sphere includes not only the company's employees, but also its suppliers, business partners and subsidiaries.
Why is Due Diligence Necessary?
It is necessary not only from an ethical point of view, but also for successful business.
Ignoring human rights risks can have serious consequences:
- Reputational damage: Consumers are likely to boycott companies with a poor human rights record.
- Legal issues: Companies may face lawsuits or regulatory action.
- Supply chain violations: Human rights violations can disrupt production and damage brands.
How can companies exercise due diligence?
- Developing a human rights policy: The policy should clearly reflect the company’s commitment to human rights.
This includes policies on online activities and digital interactions with customers, such as respect for the right to freedom of information or privacy of personal data.
- Regular risk assessments: Identifying potential human rights risks in a company’s operations and supply chain can help prevent or mitigate reputational damage due to human rights violations.
By implementing due diligence, companies can:
- Enhance their reputation: Consumers are more trusting of companies with a strong stance on human rights.
- Reduce legal risks: Due diligence helps avoid lawsuits and regulatory actions.
- Strengthen stakeholder relationships: Employees, investors and civil society support companies that demonstrate a commitment to human rights.
Conclusion
Due diligence is an important part of any company’s corporate social responsibility strategy, including those operating in the online space.
By following the ISO 26000 standard, companies can protect their reputation, minimize legal risks and strengthen stakeholder relationships.
